China saw 225.63 million passenger trips made during the week-long Spring Festival holidays, or about 83.1% of 2019 levels, media reported on Saturday.

China's consumption posted a remarkable rebound during the 2023 Spring Festival, the most important holiday after the country optimized COVID-19 response in December last year, sending out an encouraging signal about the swift recovery of the world's second-largest economy, and ...

Outbound travel bookings soared by 640 percent over the weeklong Spring Festival holidays, industry data showed Friday, as Chinese tourists celebrate the first unrestricted annual vacation since the COVID-19 epidemic erupted.

China's box office during the Spring Festival holidays (January 21-27, 2023) breached 6.8 billion yuan ($1 billion) as of 21:20 pm on Friday, surpassing 2022's 6.04 billion yuan mark, making this year's Spring Festival holiday the second highest-grossing to date, ...

Boosted by more signs that China's economic recovery is gaining traction, from surging stocks, hectic consumption during the Spring Festival holidays to the long-awaited tourism boom following optimization of COVID management, representatives of overseas commerce chambers are increasingly upbeat about ...

A total of 308 million domestic trips were recorded during the 7-day Chinese New Year holidays (Jan 21-27), up 23.1% y-o-y. Domestic tourism revenues hit 375.84 billion yuan ($55.4 billion), up 30% y-o-y, said Ministry of Culture and Tourism on ...

Tesla hit a new high for car deliveries in the fourth quarter in 2022, exceeding 405,300 vehicles, and its Shanghai plant remains its top export hub, according to its financial results for the fourth quarter ended December 31, 2022.

Outbound tourism bookings during the Spring Festival holiday has seen a boom following the country optimizing COVID-19 rules and is expected to resume pilot outbound group tours from February 6 with the outbound air tickets booking recorded a fourfold increase ...

Chinese online travel agencies and scenic spots have observed a significant recovery with air tickets, hotel booking and tourists visits during the 2023 Spring Festival holidays exceeding 2019 levels as consumer spending rebounded more than expected after China optimized its ...

Heated competition for Spring Festival visitors has resumed at Chinese scenic spots, shopping malls and cinemas, following the end of a three-year lull caused by the COVID-19 pandemic.

The box office during the7-day Chinese Spring Festival holidays has hit 2.5 billion yuan ($369 million) as of 5 pm on Monday, the third day of the holidays, after adding 1.8 billion yuan on Sunday, a vivid display of the ...

Chinese companies in foreign trade have ramped up efforts in making business trips under governments' support before and during the Chinese Spring Festival holidays, as a way to meet face-to-face with their foreign clients while securing more deals for 2023.

China's tourism industry sees a strong rebound in both domestic and overseas market, with numbers of visitors to some major tourist sites reaching a peak since the epidemic, as the country celebrates the Chinese Spring Festival holidays lasting from January ...

It is estimated that China's electricity consumption - a barometer of economic activity - will reach 9.15 trillion kilowatt-hours in 2023 in normal climate conditions, up 6 percent year-on-year, a report issued by China Electricity Council showed on Sunday, being ...

In 2022, the US Federal Reserve aggressively raised interest rates and shrank its balance sheet, kicking off the fastest and steepest monetary tightening cycle in 40 years. Although the Chinese yuan exchange rate has undergone some adjustment and volatility, it ...

The box office of the seven-day 2023 Chinese Lunar New Year holidays – the first Spring Festival holidays after China optimized its COVID-19 response –exceeded 1.8 billion yuan ($265 million) on Sunday morning, as people's enthusiasm for movies saw an ...

China has continued to boost financial opening-up for foreign firms, as the country's top securities regulator approved applications for US-based JPMorgan and UK-based Standard Chartered to expand businesses in the Chinese market.

Zhoushan, East China's Zhejiang Province, a major Chinese port city, is gearing up for an increase in trade flow, with local port customs authorities working around the clock in preparation for the arrival of more cargo ships during the Spring ...

As more signs of recovery are emerging in the Chinese economy, economists have expressed optimism and confidence toward the nation's economic outlook in 2023, predicting that recent rapid recovery will be further boosted by various factors such as increased consumption, ...

Recently, market expectations for China's economic recovery from the impact of COVID-19 have been growing. The net inflow of capital into China's A-share market has continued to rise, and many international institutions have also raised their forecasts for China's economic ...

China's State Council, the cabinet, approved plans to establish China-Indonesia and China-Philippines demonstration parks for economic and trade innovation and development in East China's Fujian Province, according to the website of the central government on Thursday, as the relations between ...

Talks between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen in Zurich this week would have lasted longer if the US official hadn't needed to catch a flight, according to exclusive details revealed on Thursday by Yuyuan ...

Workers rush to produce smart LED lighting products in a workshop in Ruichang, a manufacturing hub of smart products, in East China's Jiangxi Province on January 19, 2023. As the Spring Festival approaches, Ruichang offered various incentives such as overtime ...

China's Ministry of Agriculture and Rural Affairs (MOA) met on Thursday with soybean industry participants, urging them to boost domestic cultivation, production and sales to further stabilize supplies of soybean, an important strategic good, as the nation expects a market ...

A divided Washington is threatening to push the global economy to the edge of a cliff, as the US' galloping national debt edged closer to the $31.4 trillion statutory ceiling on Thursday, Chinese experts said on Thursday.

The hustle and bustle of crowds has returned to restaurants, hotels and malls across China, as the nation heads into the first Spring Festival holidays after downgrading its management of COVID-19.

The Maldives conducted a vibrant ceremony on Wednesday for the first Chinese tourists to visit since 2020, after China optimized its epidemic prevention policy and allowed outbound travel to resume in an orderly manner.

China's consumer market remained generally stable in 2022 with retail sales of nearly 44 trillion yuan ($6.49 trillion) despite the epidemic, and more measures are underway to boost consumption this year, according to the Ministry of Commerce (MOFCOM).

China's Ministry of Transport (MOT) has said that it has nothing to do with a new transport platform called Qiangguo Jiaotong, according to media reports on Thursday, as the new app sparked widespread attention online.

With the global demand being hit, China may be one of the few countries that can offer support to the world economic growth in 2023. China provides a huge market for global consumer goods, while Chinese tourists play an important ...

The restoration of the railway line between Walvis Bay and Arandis in Namibia, with a total length of nearly 110 kilometers, by a Chinese construction company was completed on Tuesday, Xinhua News Agency reported.

Shanghai-based Juneyao Air and Spring Airlines restarted flights to Thailand on Wednesday. Demand was strong instantly, and the flights were nearly full on the first day.

Deutsche Bank successfully issued its first Panda bonds in the Chinese interbank market on Wednesday, raising a total of 1 billion yuan ($148 million) via three-year senior notes, the company told the Global Times.

Chilean cherry exports to China reached a new high in the 2022-23 season, Chilean industry officials said on Wednesday, predicting “favorable” conditions for 2023.

With the meeting between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen on Wednesday in Zurich, the ice between the world's two largest economies showed another sign of breaking, as the world's two largest economies attempt to ...

When China moved to optimize its COVID-19 response measures in early December and infections surged, foreign media outlets unleashed a tsunami of misinformation, fear-mongering and slander against China's anti-epidemic strategy over the past three years and its impact on ...

Japan has shown the tendency to blindly follow Washington's "decoupling" push, especially on the US chip ban, which is actually a sign that it is losing the ability to balance external cooperation.

Firm support for globalization and multilateralism has always been common ground between China and Europe.

China will support the healthy development of the property market, which is still a pillar industry for the economy, said Chinese Vice Premier Liu He on Tuesday. The remarks underscore China's efforts to stabilize the domestic real estate sector, which ...

Major Chinese ports, ranging from Ningbo Zhoushan Port in East China's Zhejiang Province to Qingdao Port in Shandong Province, are putting more focus on domestic consumption amid a rebound following China's optimized epidemic control.

The relationship between China and the rest of the world is changing. With strategic long-term targets designed to modernize its economy and society, China has transformed its economy into one with an eye-catching high-tech industry and become a nation with ...

China will allocate new funding under the central government's budget around the Spring Festival holidays to support the construction of key basic infrastructure projects this year, especially information networks in remote regions in the central and western areas, an official ...

French wines, Belgian chocolate, Chilean cherries and Malaysian durian are among the products finding their way into Chinese shopping carts ahead of the Spring Festival which falls on January 22 this year.

China's agricultural science and technology innovation entered the world's forefront in 2022, with agricultural technology' contribution in total farm output reaching 62.4 percent, another solid step toward self-reliance, a senior official said on Wednesday.

As business competitive grows fierce, it becomes even more difficult to gain an advantage over other industry rivals. Therefore, more and more companies have started to make big moves to catch customers' attention.

China's paid-in foreign direct investment (FDI) in 2022 hit $189.13 billion, a year-on-year growth of 8 percent in US dollar terms, maintaining a stable growth, data from the Ministry of Commerce (MOFCOM) showed on Wednesday.

Foreign enterprises and international experts believe that China's optimization of COVID-19 response, which expands the flows of people, will help activate the country's economic vitality and potential, and bring important benefits to world recovery and growth.

Although China's economy showed clear signs of bottoming-out in December, the policymakers ought to firm up the foundation to usher in an eye-catching recovery in the first half of 2023, by churning out more pro-growth supportive fiscal and financial policies ...

Chinese Vice Premier Liu He on Tuesday offered a comprehensive view on China's economy and its development strategies during a speech at the World Economic Forum's (WEF) annual meeting in Davos, Switzerland, expressing confidence in an overall improvement of China's ...

Japanese airlines told the Global Times that they are looking forward to resuming travel between China and Japan as soon as possible, adding that the current entry restrictions are only temporary and that travel connections between the two countries will ...

Before a visit to the US by Dutch Prime Minister Mark Rutte on Tuesday, top Dutch trade official said the Netherlands "will not summarily accept new US restrictions on exporting chip-making technology to China," and is consulting with "European and ...

The IMF said in its latest staff report that after decades of increasing global economic integration, the world is facing the risk of fragmentation, which could reduce global economic output by up to 7 percent. And with the addition of ...

At Dapukou terminal, Zhoushan Port in East China's Zhejiang Province, a large cargo ship with a capacity of thousands of containers was waiting for cargo to be loaded before heading to its final destination in western Africa.

China will speed up the construction of 1,400 major projects confirmed under the central enterprises' 14th Five-Year Plan (2021-25), according to a spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council, as China continues to strengthen ...

China's business climate during the fourth quarter of 2022 won high praise from most foreign enterprises, said the China Council for the Promotion of International Trade, as it vowed to initiate promotions for foreign enterprises in China to enhance their ...

The annual output of industrial robots in Shanghai would have reached more than 75,000 units in 2022, a year-on-year increase of six percent, becoming an important pillar for intelligent manufacturing in the city, government officials said on Tuesday.

The Camus luxury Cognac house, which officially entered the Haikou International Duty Free City in Hainan Province on October 28, 2022, is placing increased emphasis on the Chinese market as the consumption recovery of the world's second-largest economy has begun ...

Year-to-date passenger traffic at the Sanya Phoenix International Airport in South China's Hainan Province was estimated to top 1 million by Tuesday, the fastest growth since 2021, airport data showed, fresh evidence of the economy's swift rebound from the coronavirus.

China made new advances in high-quality development in 2022 despite a series of domestic and external challenges, with the hard won high-tech industrial output and infrastructure investment growth becoming a highlight last year, which helped shore up the fundamentals of ...

China's economy posted steady growth in 2022 with the country's GDP topping 121 trillion yuan or $18 trillion, setting a new record high. A total of 12.06 million new urban jobs were created in 2022.

China's retail sales, a major driver of economic growth, trimmed 0.2 percent in 2022 due to the impact of COVID-19, but domestic consumption is expected to rebound this year with improving growth prospects and rising income.

Beijing Daxing International Airport, the second air hub in the capital city, resumed its first outbound overseas flight services Tuesday morning after a nearly three-year pandemic induced suspension.

China's GDP expanded 3 percent year-on-year to 121 trillion yuan ($17.93 trillion) in 2022, maintaining a stable expansion as the world's second-largest economy navigated uncharted waters and surmounted headwinds - ranging from the coronavirus and geopolitical tensions to interest rate ...

China's Ministry of Culture and Tourism (MCT) on Monday announced it will resume accepting applications for commercial performances involving people from the Hong Kong Special Administrative Region, Macao Special Administrative Region and the island of Taiwan, starting from February 16. ...

The CR400BF-GZ train, the smartest and most frost-resistant Fuxing bullet train model, was deployed in Northeast China's Heilongjiang Province on Monday. It's the coldest and highest region the model has been used in so far. The Fuxing bullet train has ...

China's Ministry of Finance will further strengthen management of specialized funds targeting the prevention and control of COVID-19, including increasing support for rural areas and medical workers, establishing a “green channel” for medical supply procurement along with other measures, the ...

Enterprises surveyed by China's trade promotion agency have said that the implementation of the Regional Comprehensive Economic Partnership (RCEP) has increased their customs clearance efficiency and reduced costs. More importantly, small and medium-sized enterprises (SMEs) are now able to participate ...

With new leadership in the US House of Representatives, a clash between Democrats and Republicans over the debt ceiling faces a new round of crisis.

The degree to which China's economic recovery in 2023 will affect global energy market is now a topic of great concern as almost every media report on oil prices is mentioning the prospect of China's recovering energy demand, such as ...

Chinese provinces, municipalities and autonomous regions have revealed their GDP growth targets for 2023, most aiming for economic expansion of 5-6 percent this year after the government ended stringent coronavirus management measures and reopened borders.

As thousands of political, economic and social leaders from around the world gather in the Swiss resort of Davos for the annual conference of the World Economic Forum (WEF), which kicked off in person on Monday for the first time ...

Farmers buy large-type tractors in an agricultural machinery market in Liaocheng, East China's Shandong Province, on January 16, 2023, preparing for the upcoming spring farming. China's grain output totaled 686.53 billion kilograms in 2022, setting a new record.

The prices of many medical products such as N95 masks and oximeters have fallen back to normal as supply and demand get back into balance after China's recent COVID-19 infections wave fades.

China had registered 4.212 million valid patents as of the end of 2022, making it the first country to pass the threshold of 3 million. The number manifests that the nation has been ramping up efforts to become a global ...

Hotel occupancy rates in Sanya, South China's Hainan Province have now reached 85 percent, and local hotels are more than 90 percent booked for the coming Spring Festival, according to an official on Monday, as the tropical resort quickly regains ...

Didi Global, a ride-hailing giant in China, said on Monday that domestic cybersecurity authorities have allowed it to resume new user registrations effective immediately, a move signaling its more than one-year cybersecurity probe is winding down.

Traders and producers in East China's Zhejiang Province, a barometer of the nation's and the world's trade situation, are gearing up for a potentially bullish year as China, after a three-year tough battle against COVID-19, lifts restrictions and strives for ...

The "Fenjiu Night" 2022 China ­Xinghuacun International Baijiu Expo is being held in Fenyang, North China's Shanxi Province. The city is not only famous for producing Fenjiu liquor, it is also the hometown of ­Chinese director Jia Zhangke, who told ...

Hengzhou, South China's Guangxi Zhuang Autonomous Region, a renowned production base for jasmine flowers, has turned the small flower into a prosperous industry, supplying about 60 percent of the world's jasmine flowers and jasmine tea.

Didi gets approval for resuming new user registrations

Zhengzhou, Central China's Henan Province plans to issue 20 million yuan ($2.97 million) awarding bonus to companies including Foxconn Technology Group and other key enterprises to stablize labor supply and production during the coming Spring Festival period.

China's Ministry of Industry and Information Technology (MIIT) issued a total of 15 measures to further stabilize growth and adjust structure of small and medium-sized enterprises (SMEs), Xinhua News Agency reported on Sunday.

China International Water & Electric Corp (CWE), a subsidiary of China Three Gorges Corp, has been transferred in its entirety to China Communications Construction Co (CCCC). The move involving resource integration will bolster the core competitiveness of China's centrally administered ...

Australian Prime Minister Anthony Albanese told reporters on Saturday that Australia aims to continue to boost relations with China as it seeks to fully restore trade ties with its largest export market.

China registered more than 70,000 domestic passenger flights during the first week of the 2023 Spring Festival travel rush, known as chunyun, a 40-day period starting from January 7. It reached 80 percent of the pre-pandemic level, data from monitoring ...

China's top economic planner said it will tighten supervision of iron ore pricing and crack down on illegal activities, to keep the market stable, a move that signals authorities are ramping up efforts to maintain price stability after the global ...

The tropical and sunny Sanya in South China's Hainan Province, one of the country's top winter destinations, is back in focus, with long lines of tourists and packed vehicles pointing to a rapid rebounding of tourism and consumption.

With Federal Reserve remaining strongly committed to lowering inflation by restraining economic growth, equity investors around the world will continue to be perplexed, scratching their heads in 2023.

East China's Shandong Province, an economic powerhouse in the country, said during the annual “two sessions” held by the province that it is set to build a world-class ports cluster in 2023, expanding routes of ocean shipping, Xinhua News Agency ...

China's capital city of Beijing sets its 2023 economic growth target at above 4.5 percent, with a similar gain for residents' income. The city will strive to keep urban unemployment rate at below 5 percent and maintain annual inflation rate ...

Foreign financial institutions are racing to expand their operations in China along with the country's strong economic recovery expectations and accelerated financial opening-up, with Schroder Investment Management (China) becoming the fifth wholly foreign-owned public fund management firm in China.

In recent interviews with the Global Times, a number of economists expressed their confidence in a rapid recovery across the Chinese economy in the first months of 2023, pinning their hope on the world's second-largest economy to lead a global ...

A total of 23 Chinese provinces, municipalities and autonomous regions have released their GDP growth targets for 2023 as of Friday, with most falling between 5-7 percent, which experts said shows improved confidence and expectation across the country in the ...

The weekly number of outbound flights from Beijing Capital International Airport (BCIA) has recovered to 8 percent of the level before 2019, and it is expected to reach more than 20 percent in February as more airlines resume international services.

China-Australia trade declined in 2022, according to data released on Friday by the General Administration of Customs (GAC), amid sour bilateral relations with the previous Australian government.

Two Chinese state-owned airlines on Friday separately announced plans to delist their American depositary shares (ADS) from the New York Stock Exchange (NYSE), the second such de-listing following a batch of Chinese companies in August last year.

The US House of Representatives passed a highly politically driven bill on Thursday aimed at banning crude oil trade with China, once again in the name of national security, as the country deals with high inflation.

China has witnessed a year-on-year trade increase of 15 percent with the Association of Southeast Asian Nations (ASEAN) in 2022, the first year the Regional Comprehensive Economic Partnership (RCEP) went into effect, and the region continues to hold the position ...

Rectification of the financial businesses of 14 large-scale platforms including Ant Group has been “basically completed,” and enterprises are now operating in accordance with laws, competing in a fair manner, with consumer rights' protection continuing to be strengthened and financial ...

China's foreign trade grows 7.7% y-o-y to 42.07 trillion yuan ($6.26 trillion) in 2022, making the country the No.1 goods trading nation around the world for a sixth consecutive year. Import and exports to ASEAN countries saw a significant increase ...